222
222
Sep 27, 2012
09/12
by
CNBC
tv
eye 222
favorite 0
quote 0
and sends us into a slower growth environment or even recession. so i think we want to look at both of those possibilities. i would have wanted to see more data on that and see how that's unfolding before we took action. >> i'm really glad you brought up the fiscal deal. we've been talking about this so much on this program, this fiscal cliff. many economists expecting we'll dip back into a recession in 2013 buecause we'll go over the fiscal cliff. obviously no deal before the election. it's a 2013 affair. is that where you stand with the economy, dip back into a recession given where we are with this fiscal cliff? >> well, the cbo's estimates seem to suggest that. if it was just a no deal all around, gdp would decline in the first part of next year. i continue to think that despite all the brinksmanship, there will eventually be some kind of deal. obviously it won't be what everybody wants. it will have to be some kind of compromise. it might be hard to see it right now. but i think there will be some kind of deal. what's bad for the u.s. economy
and sends us into a slower growth environment or even recession. so i think we want to look at both of those possibilities. i would have wanted to see more data on that and see how that's unfolding before we took action. >> i'm really glad you brought up the fiscal deal. we've been talking about this so much on this program, this fiscal cliff. many economists expecting we'll dip back into a recession in 2013 buecause we'll go over the fiscal cliff. obviously no deal before the election....
198
198
Oct 2, 2012
10/12
by
CNBC
tv
eye 198
favorite 0
quote 0
reit, one that sports a yield, exactly the kind of dividend stock you want in this low interest rate environment. it's rallied since the beginning of the year, but lately it's pulled back three points. it could be giving you a good entry point here. first though, before making any decisions let's take a closer look with the chairman and co-ceo of prologis. brand new guest, brand new name. welcome to "mad money." >> nice to meet you. >> first, you just have the biggest building portfolio i've ever seen. it's global, right? just giant. >> it is pretty big and it's pretty good, which is more important, right? >> the reason i asked, normally i like to have real estate investor guys on because they know the tenor of the united states but you have huge exposure. in your most recent conference call you actually talk about -- what it's like in japan, china, brazil, canada. mexico. and these are doing very well. >> they are indeed. we're in 21 countries and with the exception of a few countries in europe, the rest of the world is actually doing pretty well. including some of the places in europe and nort
reit, one that sports a yield, exactly the kind of dividend stock you want in this low interest rate environment. it's rallied since the beginning of the year, but lately it's pulled back three points. it could be giving you a good entry point here. first though, before making any decisions let's take a closer look with the chairman and co-ceo of prologis. brand new guest, brand new name. welcome to "mad money." >> nice to meet you. >> first, you just have the biggest...
110
110
Oct 1, 2012
10/12
by
CNBC
tv
eye 110
favorite 0
quote 0
go like a pro. >>> are you hunting for yield in this low interest rate environment? i bet you are. seema mody is looking at big pharma for some benefits. >> cash balances across the pharma sector are increasing. jpmorgan says we could see more cash being returned to shareholders per dividend. pfizer in the last five years has increased its dividend three times, 10%, 11%, and 12.5% respectively. jpmorgan also expects merck will generate roughly $45 billion, or 40% of its current market cap in post-dividend free cash flow through 2017 and it anticipates much of this capital to be returned to shareholders over time. let's keep in mind, four of the largest pharmaceutical firms on average already offer a dividend yield of 4% which is roughly 2% higher than stocks on the s&p 500 and vastly outperforms the 10-year treasury note. even when comparing pharma to other sectors on an aggregate basis, pharma represents the second biggest contributor of any industry, around $26 billion. that major takeaway, it could mean more cash return to shareholder. >>> in the next hour, is amazon's new kindl
go like a pro. >>> are you hunting for yield in this low interest rate environment? i bet you are. seema mody is looking at big pharma for some benefits. >> cash balances across the pharma sector are increasing. jpmorgan says we could see more cash being returned to shareholders per dividend. pfizer in the last five years has increased its dividend three times, 10%, 11%, and 12.5% respectively. jpmorgan also expects merck will generate roughly $45 billion, or 40% of its current...
101
101
Oct 3, 2012
10/12
by
CNBC
tv
eye 101
favorite 0
quote 0
i know you prefer stocks to bonds in this environment. let me take the other side and say we have global quantitative easing. wouldn't it be better doing what the central banks are doing and getting the capital appreciation? >> we don't disagree. certainly we want to be in line with what the central banks are doing. if the treasury bond is buying treasuries it is good to be a treasury holder. what is going to happen when the central bank buying turns off? we think stocks are going to be well positioned in a modern inflation environment. and the bigger risk, deflation is a very probability. a bigger risk is higher inflation in the future in which case cash and bonds do poorly. we need to be in gold and commodities and real assets. we are building our portfolios to reflect the probability of these different destinations. our biggest scenario is one of moderate inflation and equity should be the class to hold. >> i want to go to two more of your picks. logitech and aia. that is not a name we usually talk about. what is the thesis here? >> it
i know you prefer stocks to bonds in this environment. let me take the other side and say we have global quantitative easing. wouldn't it be better doing what the central banks are doing and getting the capital appreciation? >> we don't disagree. certainly we want to be in line with what the central banks are doing. if the treasury bond is buying treasuries it is good to be a treasury holder. what is going to happen when the central bank buying turns off? we think stocks are going to be...
272
272
Oct 1, 2012
10/12
by
CNBC
tv
eye 272
favorite 0
quote 0
, jackie, ibm has been one of those companies that has been able to thrive in all sorts of economic environments. very tough to do in an inno investigation, economy, bill, and where technology moves so fast. as so many of us are witnessing with oracle and its innovation. we have 35 minutes before "the closing bell" sounds. market is higher but well off the highs of the day. >>> hasn't just been stocks making high today. gold hit a nearly one-year high earlier this session, despite beginning what is historically the worst month for the precious metal. will this october buck that trend? we'll look at that coming up. >>> then later on, congress may be on break, yet again, but at least somebody is working on our debt problem. and they claim their solution cuts more than hitting the fiscal cliff would. would be a lot less painful. how's that possible? they're here to explain. stay with us on this. back in a moment. [ male announcer ] the 2013 smart comes with 8 airbags, a crash management system and the world's only tridion safety cell which can withstand over three and a half tons. small in size. bi
, jackie, ibm has been one of those companies that has been able to thrive in all sorts of economic environments. very tough to do in an inno investigation, economy, bill, and where technology moves so fast. as so many of us are witnessing with oracle and its innovation. we have 35 minutes before "the closing bell" sounds. market is higher but well off the highs of the day. >>> hasn't just been stocks making high today. gold hit a nearly one-year high earlier this session,...
257
257
Sep 28, 2012
09/12
by
CNBC
tv
eye 257
favorite 0
quote 0
saves time, money, and gas and helps the environment. we'll find out what that is a little later. at optionsxpress we're all about options trading. we create easy to use, powerful trading tools for all. look at these streaming charts! they're totally customizable and they let you visualize what might happen next. that's genius! strategies, chains, positions. we put 'em all on one screen! could we make placing a trade any easier? mmmm...could we? open an account today and get a free 13-month e ibd™ subscription when you call 1-888-280-0149 now. optionsxpress by charles schwab. the economy needs manufacturing. machines, tools, people making stuff. companies have to invest in making things. infrastructure, construction, production. we need it now more than ever. chevron's putting more than $8 billion dollars back in the u.s. economy this year. in pipes, cement, steel, jobs, energy. we need to get the wheels turning. i'm proud of that. making real things... for real. ...that make a real difference. ♪ for real. ...that make a real difference. i've got two tickets to paradise!l set?
saves time, money, and gas and helps the environment. we'll find out what that is a little later. at optionsxpress we're all about options trading. we create easy to use, powerful trading tools for all. look at these streaming charts! they're totally customizable and they let you visualize what might happen next. that's genius! strategies, chains, positions. we put 'em all on one screen! could we make placing a trade any easier? mmmm...could we? open an account today and get a free 13-month e...
200
200
Oct 1, 2012
10/12
by
CNBC
tv
eye 200
favorite 0
quote 0
compared to a lower corporate tax environment is $ billion. it's a tough sell to be patriotic and have that facility in the u.s. cut the corporate tax rate down to a competitive level. i think technology will continue to advance. the problem is keeping the good ideas in the u.s. and create jobs. >> it can happen in spite of things or you can help or be sort of in the way? >> or you can facilitate for an economy which is growing. what we do with foreign graduate students, taxpayer money pays to educate them to get thai masters and ph.d.s and tech topics and our immigration policy says go home. it's a brilliant philosophy. >> you said the growth in intel will be abroad. whatever the tax policy is, i imagine you have to go abroad on manufacturing and engineering. you want to go to the customer. even if we get the rate right which we all want to, what is the ultimate impact? >> you obviously want to have a balance. you look at a company like intel the bulk of it's manufacturing still in the u.s., the bulk of its r&d is in the u.s. and the bulk of
compared to a lower corporate tax environment is $ billion. it's a tough sell to be patriotic and have that facility in the u.s. cut the corporate tax rate down to a competitive level. i think technology will continue to advance. the problem is keeping the good ideas in the u.s. and create jobs. >> it can happen in spite of things or you can help or be sort of in the way? >> or you can facilitate for an economy which is growing. what we do with foreign graduate students, taxpayer...
212
212
Sep 26, 2012
09/12
by
CNBC
tv
eye 212
favorite 0
quote 0
i think the social cost of qe in that environment is going to be sufficiently poor, that the fed will step away. >> we're getting these weird cross currents. i'm glad you're here to ask about it. when the fed did it, we thought wow, things are worse than we thought. consumer confidence seems to be improving. the market was doing better. there's a lot of things that look like -- what were you talking about? what was so bad that you saw in this economy? but again, the transportation average is now down for the year. china looks worse than it was. are we entering a -- are we doing okay and accelerating in terms of growth, or are we slowing down again? >> i think there's probably three things that feed into it. first the transition mechanism wasn't working. people were instead of going out and buying risk assets and investigating companies, they were buying bonds in anticipation of the fed buying so. the operation twist was flattening the yield curve and trap iping liquidity there. i think the fact fact was constantly giving fixed numbers and fixed dates gives the market something to focu
i think the social cost of qe in that environment is going to be sufficiently poor, that the fed will step away. >> we're getting these weird cross currents. i'm glad you're here to ask about it. when the fed did it, we thought wow, things are worse than we thought. consumer confidence seems to be improving. the market was doing better. there's a lot of things that look like -- what were you talking about? what was so bad that you saw in this economy? but again, the transportation average...
60
60
Sep 28, 2012
09/12
by
CNBC
tv
eye 60
favorite 0
quote 0
we're certainly in a slow growth environment. and as dan said, it looks like the indicators are consistent with 1, 1.5, 2% gdp growth. >> let me ask it a different way then. gdp revised down. durable goods stunk. you saw the pmi number we brought up. are you more nervous today than you were five days ago? >> no. i think the numbers have been a little bit ugly. but i think they are again consistent more with that slower growth at this point in time. there are a lot of concerns out there, but not necessarily indicative of recession yet. >> well throw us some names then, brian, you're a mid cap guy so within the mid cap universe which names do you think fit the bill that can still grow their earnings that slow growth environment? >> mandy, one of the companies we like right now is a company called asena retail. it actually is a pretty direct play on that slow growth environment. they are a women's fashion retailer. most people know them for dress barn and maurice's but they recently have added brands like justice and lane bryant to
we're certainly in a slow growth environment. and as dan said, it looks like the indicators are consistent with 1, 1.5, 2% gdp growth. >> let me ask it a different way then. gdp revised down. durable goods stunk. you saw the pmi number we brought up. are you more nervous today than you were five days ago? >> no. i think the numbers have been a little bit ugly. but i think they are again consistent more with that slower growth at this point in time. there are a lot of concerns out...
212
212
Sep 26, 2012
09/12
by
CNBC
tv
eye 212
favorite 0
quote 0
that's because of the poor economic environment we've been in. all these things pointing to a slow down, not to mention the swing demand center of the world, china, slowing down and having problems really has put the brakes on what was an impressive rally. we've given back 10% of that now already in rapid fashion. i think it's a clear signal for investors across the markets to watch out. there's a ral slowing going on. >> there's a real slowing going on, and it's being reflected in the price of oil. where else is it being reflected? might we see other commodities start following oil lower? >> you're starting to see the agricultural commodities break down a bit. you saw soybeans down around 15. that could get into the low teens quickly here. also, on to that oil story was the warnings from caterpillar, norfolk southern, fedex. again, this highlights that the transportations are sliding. they're slowing demand for energy out there. not only here, but in the world. so i'm just hoping that the stocks can hold on to their gains by keying off better ho
that's because of the poor economic environment we've been in. all these things pointing to a slow down, not to mention the swing demand center of the world, china, slowing down and having problems really has put the brakes on what was an impressive rally. we've given back 10% of that now already in rapid fashion. i think it's a clear signal for investors across the markets to watch out. there's a ral slowing going on. >> there's a real slowing going on, and it's being reflected in the...
150
150
Sep 30, 2012
09/12
by
CNBC
tv
eye 150
favorite 0
quote 0
there are a lot of places to make money in a near zero interest rate environment. >> the low interest rates which the federal reserve told us are going to be that way until 2015 are also hurting savers. >> they absolutely are. it creates inflation risk. yes, people are being penalized. the return they get, if they're investing their savings someplace safe, the return they're getting is not keeping pace with inflation. every year they're losing money. and so, of course, that creates incentives to go and invest in riskier assets. that's what we had with the crisis. we had very low interest rates then. not nearly as low as they are now. people were looking for return with subprime mortgages. it creates incentives which create significant risk for the system. i think the fed is proceeding with the best of intentions. i think the risks of what we're doing are tremendous and the benefits are incremental at best. >> it's been about the fed providing all the stimulus. what kind of fiscal policy would you like to see? >> the solutions are not hard. it's having the political will to do that. ne
there are a lot of places to make money in a near zero interest rate environment. >> the low interest rates which the federal reserve told us are going to be that way until 2015 are also hurting savers. >> they absolutely are. it creates inflation risk. yes, people are being penalized. the return they get, if they're investing their savings someplace safe, the return they're getting is not keeping pace with inflation. every year they're losing money. and so, of course, that creates...
144
144
Sep 27, 2012
09/12
by
CNBC
tv
eye 144
favorite 0
quote 0
until it does, this kind of environment is likely to dominate. aussie dollar just below the 1.04 level as we look at reaction in china. >> over to the automakers now. ford staying off staff in europe, while fiat and vw say any recovery is somewhat off. automakers are gathering in paris to unveil their latest models. so what are brands doing to try to increase sales? we caught up with the ceo of audi asking him about the brand new hatch back trying to lure younger drivers. >> the younger generation is the best symbol because they are always connected between each other. so we tried it on come up with the story with wi-fi hot spots in the car, with twitter apface books in the car, whereby with voice recognition you can receive your e-mail. and i think this is what young people want to hear and see. if you're stuck in traffic, you make your time useful. and this is important. >> this is terrifying. >> i'm not sure, but if you're drive along and you're looking at facebook or tweeting, i'm pretty sure at the very minimum you'll get points. if you driv
until it does, this kind of environment is likely to dominate. aussie dollar just below the 1.04 level as we look at reaction in china. >> over to the automakers now. ford staying off staff in europe, while fiat and vw say any recovery is somewhat off. automakers are gathering in paris to unveil their latest models. so what are brands doing to try to increase sales? we caught up with the ceo of audi asking him about the brand new hatch back trying to lure younger drivers. >> the...
135
135
Sep 27, 2012
09/12
by
CNBC
tv
eye 135
favorite 0
quote 1
they could inform in a deflationary or inflationary environment. the mortgage reits, you know, i happen to like the number of them, which was -- well, i can't talk about the specific names. i'll definitely tell you off of air. but you want a mortgage reit that has match funded itself as best as possible is not reaching on the credit or risk curve to create spread, but is getting it because it has a cost of capital advantage because of balance sheets. >> you spoke about this generally, but let's scroll down just a little bit more. we spoke about residential commercial real estate valuations. are we off the bottom there? >> i think we're off the bottom but, you know, it so much is going to be a function of what happens to employment growth and gdp growth in this country. you can't separate the values from the fundamentals long-term. and so that is the big unknown. and the other big unknown is that over the next four or five years, there's roughly 400 plus or minus billion dollars of mortgages in commercial worlds maturing each year. a significant por
they could inform in a deflationary or inflationary environment. the mortgage reits, you know, i happen to like the number of them, which was -- well, i can't talk about the specific names. i'll definitely tell you off of air. but you want a mortgage reit that has match funded itself as best as possible is not reaching on the credit or risk curve to create spread, but is getting it because it has a cost of capital advantage because of balance sheets. >> you spoke about this generally, but...
58
58
Oct 2, 2012
10/12
by
CNBC
tv
eye 58
favorite 0
quote 0
the consumer environment has been choppy and they can respond quickly to that. >> if you like family dollar can you speak to the margin as they sell more lower end products how do they recover and compare and contrast that to dollar general which has margin upside? >> well, they are selling more food and other consumables. they have been adding additional items into the store. it has put pressure on gross margin. they are using that strategy to drive traffic. that brings customers in day in and day out. they do have the lowest margin in the dollar store sector around 7.5%. dollar general is north of 10%. i think that is the real opportunity for family dollar. they can do things to offset the pressure. they can do more private label. they can do more global sourcing and manage the store better, as well. >> going to leave it there. thanks for your time. what is your retail trade? >> i probably stick with target or kohl's store. if you look at the fiscal cliff. there is a $610 billion impact. 400 billion comes right out of consumer pocket. if you have less money i get the trade but stic
the consumer environment has been choppy and they can respond quickly to that. >> if you like family dollar can you speak to the margin as they sell more lower end products how do they recover and compare and contrast that to dollar general which has margin upside? >> well, they are selling more food and other consumables. they have been adding additional items into the store. it has put pressure on gross margin. they are using that strategy to drive traffic. that brings customers...
300
300
Sep 26, 2012
09/12
by
CNBC
tv
eye 300
favorite 0
quote 0
technologies allow natural gas producers to supply affordable, cleaner energy, while protecting our environment. across america, these technologies protect air - by monitoring air quality and reducing emissions... ...protect water - through conservation and self-contained recycling systems... ... and protect land - by reducing our footprint and respecting wildlife. america's natural gas... domestic, abundant, clean energy to power our lives... that's smarter power today. >>> welcome back. we have weakness on wall street today. about 30 minutes left before the closing bell sounds. the dow jones industrial average down about 38 points in the home stretch. more from mary thompson. >> just about seven points above the lows of the day for the dow jones industrial average, pressured by europe. we want to highlight one group. you heard seema talking about some of the bounce back and the big tech names earlier today. the tech sector was the weakest performer among the ten we follow. energy right now has taken that slot. turning around in large part because we've seen a turn around in hewlett-packard. t
technologies allow natural gas producers to supply affordable, cleaner energy, while protecting our environment. across america, these technologies protect air - by monitoring air quality and reducing emissions... ...protect water - through conservation and self-contained recycling systems... ... and protect land - by reducing our footprint and respecting wildlife. america's natural gas... domestic, abundant, clean energy to power our lives... that's smarter power today. >>> welcome...
215
215
Sep 27, 2012
09/12
by
CNBC
tv
eye 215
favorite 0
quote 0
you've got to put money to work in this environment. how do you do it when we see the fundamentals are not keeping up with some of this market performance? >> it's a real challenge. the private client was tremendously traumatized by the financial crisis and spooked by technology glitches and continuing scandals in the marketplace. they still don't trust that if they put their money in stocks, bonds, mutual funds, it's going to grow in value over time. we've been encouraging them in as many ways as we can to move out of cash, move out of bonds, which they perceive as safe but have their own risks, into at least a benchmark waiting in equities. the problem is all through this year you've had overhanging uncertainty in the marketplace. first, u.s. economic growth, china, european sovereign debt crisis. those have been replaced right now by, as you've mentioned, fiscal cliff and debt ceiling negotiations. the investor is confused about where to go, but those investors who stayed in cash missed this rally that we've had this year. they shoul
you've got to put money to work in this environment. how do you do it when we see the fundamentals are not keeping up with some of this market performance? >> it's a real challenge. the private client was tremendously traumatized by the financial crisis and spooked by technology glitches and continuing scandals in the marketplace. they still don't trust that if they put their money in stocks, bonds, mutual funds, it's going to grow in value over time. we've been encouraging them in as...
66
66
Sep 26, 2012
09/12
by
CNBC
tv
eye 66
favorite 0
quote 1
i am not sure you will get this massive dip especially when the environment is better. >> that's what makes the markets, ladies and gentlemen. >> not cle shea at all, courtney reagan with two tech stocks on the move. >> thank you very much, michelle. much needed good news for research in motion, a name we talk about a lot. they're getting a lift after estimates are raised at goldman sachs citing the unexpected increase in the smartphone subscriber pace. that was announced at the blackberry jam conference yesterday. apple is down 5% since the release of the iphone 5, a surprise to many, michelle. >> thank you, courtney. still ahead, where should you be investing in earnings season derails the rally and homes over 40%. we will show you great data points we found. stay tuned. sometimes investing opportunities are hard to spot. you have to dig a little. fidelity's etf market tracker shows you the big picture on how different asset classes are performing, and it lets you go in for a closer look at areas within a class or sector that may be bucking a larger trend. i'm stephen hett of fideli
i am not sure you will get this massive dip especially when the environment is better. >> that's what makes the markets, ladies and gentlemen. >> not cle shea at all, courtney reagan with two tech stocks on the move. >> thank you very much, michelle. much needed good news for research in motion, a name we talk about a lot. they're getting a lift after estimates are raised at goldman sachs citing the unexpected increase in the smartphone subscriber pace. that was announced at...
264
264
Oct 3, 2012
10/12
by
CNBC
tv
eye 264
favorite 0
quote 0
the environment has also swung back a little bit towards the old hey day. does that mean the approach by private equity firms is also changing back to the more traditional mcdonald snell. >> no, i don't think so. i think the model is permanently changed. you can't buy cheap gear highly and sell deer anymore. they produce better performance, improve profits, expand the geographies that they work in and so on. so i think the model is permanently changed. the odd example of maybe pure engineering. i think fundamentally it's now about being good stewards of the businesses and improving them while you own them. >> appreciate your time. thank you so much for stopping by. >>> the european banking authority will publish its final report on banks' implementation of capital plans at 1,700 cet today. this follows s a 2011 recommendation to restore market confidence. it will be published after the european markets close. joining us now is the head of the european interest rates strategy at barclays. nice to have you onboard with us today. this has been an ongoing theme
the environment has also swung back a little bit towards the old hey day. does that mean the approach by private equity firms is also changing back to the more traditional mcdonald snell. >> no, i don't think so. i think the model is permanently changed. you can't buy cheap gear highly and sell deer anymore. they produce better performance, improve profits, expand the geographies that they work in and so on. so i think the model is permanently changed. the odd example of maybe pure...
335
335
Sep 28, 2012
09/12
by
CNBC
tv
eye 335
favorite 0
quote 0
goldman sachs says the current downsizing environment increases the potential for m & a activity. with the clock ticking down to fiscal armageddon, expect defense companies to send out layoffs after the holiday. that's your q-4 channel check for defense. i'm jane wells. >> all right. so let's dig deeper into which defense stocks could feel the biggest impacts if we go off the fiscal cliff. >> joining us is jeremy devaney. do you think we'll see those sequestration cuts in defense next year, $55 billion? >> good afternoon, bill. thanks for having me on. yes, we definitely think the fiscal cliff is coming, especially the sequestration cuts or the budget cuts for the defense department. right now the polarization up on the hill is not allowing for any movement in legislation to resolve that issue. >> all right. so let's talk about sort of breaking this down. first off, when are you expecting the defense companies to alert employees that their jobs will be cut? is that october 1st or november 2nd? what's your end date? >> sure. we're looking at november 2nd right now as the real date.
goldman sachs says the current downsizing environment increases the potential for m & a activity. with the clock ticking down to fiscal armageddon, expect defense companies to send out layoffs after the holiday. that's your q-4 channel check for defense. i'm jane wells. >> all right. so let's dig deeper into which defense stocks could feel the biggest impacts if we go off the fiscal cliff. >> joining us is jeremy devaney. do you think we'll see those sequestration cuts in...
261
261
Oct 2, 2012
10/12
by
CNBC
tv
eye 261
favorite 0
quote 0
tell me how you see the environment changes and where specifically you would expect growth to happen in technology in the next five years. >> well, i think technology in general -- probably the biggest challenge is not so much the social interactions but everybody's talking so much about data. data is very, very hard to mine correctly. so i think you're going to see a push back towards a lot of enterprise apps that really figure out how it get information to the companies so they can actually be more personalized for the user, but easy to say, a lot to do. >> and really quick, on what you're seeing out there, how tough is europe right now for technology? what are you seeing in terms of the global slow down? >> well, europe continues to baffle us in general in technology. it looks like it's getting softer, not stronger. you know, companies that diversified over the past 20 years do make sure they had good portfolios in all the regions, you know, are taking a hit now with europe. i think it's broad based, so it shouldn't be a knock on any one company. we all know the issues. you better
tell me how you see the environment changes and where specifically you would expect growth to happen in technology in the next five years. >> well, i think technology in general -- probably the biggest challenge is not so much the social interactions but everybody's talking so much about data. data is very, very hard to mine correctly. so i think you're going to see a push back towards a lot of enterprise apps that really figure out how it get information to the companies so they can...
247
247
Sep 28, 2012
09/12
by
CNBC
tv
eye 247
favorite 0
quote 0
when all is said and done, not a bad quarter, given both the domestic and international environments, the uncertainty we've seen, the election is coming. we did well for the third quarter. >> all right. sure did. thank you so much, jackie. don't even think about touching that remote. we have a lot more ahead on this friday edition of the "closing bell." >>> mortgage rates hit rock bottom again, so why aren't home sales blowing through the roof? housing in the spotlight up next. >>> and later, she's actually not crazy. the subsidized program for the poor has mushroomed since 2008 due to possible abuse. we'll talk to congressman tim griffin who's proposing a bill to reign it in. >>> plus, what happens in france stays in san francisco? maria speaks with a mitt romney supporter and hp ceo carly fiorina. when you take a closer look... ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...you see they all have h a deeper knowledgeresting in of their subjects. as a result, their students achieve at a higher level. let's
when all is said and done, not a bad quarter, given both the domestic and international environments, the uncertainty we've seen, the election is coming. we did well for the third quarter. >> all right. sure did. thank you so much, jackie. don't even think about touching that remote. we have a lot more ahead on this friday edition of the "closing bell." >>> mortgage rates hit rock bottom again, so why aren't home sales blowing through the roof? housing in the spotlight...
59
59
Oct 1, 2012
10/12
by
CNBC
tv
eye 59
favorite 0
quote 0
. >> i think if you look at what's happening in the current environment, this is an environment surrounded with uncertainty. we have the election in front of us here in just about a month. we have china. the best thing that happened to europe in the last several months is the ryder cup today. other than that, europe's really been struggling. here we are sitting in a world of uncertainty and the markets get higher and qe3 comes in remarkably at a high point in the market as opposed to a low point in the past. nothing but fuel to a fire. >> absolutely. go figure. tom, let me get to you. to leo's point about the institutions propping up the market, along with the central bark, he bank, here's a staggering stat. during the time june to august individual investors yanked out almost $40 billion. here's mom and dad at home, retail investors, not participating in this rally. and the fear is they may get in at the top when they think, i don't want to miss out. is that a real danger right now? >> well, i think it is in the short term, yes. i mean unfortunately, we always sort of tend to see the reta
. >> i think if you look at what's happening in the current environment, this is an environment surrounded with uncertainty. we have the election in front of us here in just about a month. we have china. the best thing that happened to europe in the last several months is the ryder cup today. other than that, europe's really been struggling. here we are sitting in a world of uncertainty and the markets get higher and qe3 comes in remarkably at a high point in the market as opposed to a...
63
63
Oct 2, 2012
10/12
by
CNBC
tv
eye 63
favorite 0
quote 0
so we get a divergence and you see gold perform well in that environment closer to the physical cliff you were talking about and ear regairregardless the dollar does. guys aren't getting out of positions in gold. you have a great support level at 1530, 1630, and now in the 17s. i don't think this is a top but a consolidation period. right now there's a couple -- >> i see where you stand. break it down and give us the trade. >> listen, everybody wants to short the market up here short term. i'm fading that and taking the other side of that. big money support as i laid it out. i'm buying gold on a dip today, 1769, with a 20-point stop at 1749. i'm looking for a profit at 1809. so i'm risking a couple of grand to make four. i like this it trade. >> rich, i like the trade itself, but i think you get in at a better level at the 1750 area to get in and buy gold. it goes above 1800. i want to get there. >> so you heard it straight from the pits. they like the pure play in gold, and now you know how they make money on it from the pits. what about you viewers? where do you see gold heading by
so we get a divergence and you see gold perform well in that environment closer to the physical cliff you were talking about and ear regairregardless the dollar does. guys aren't getting out of positions in gold. you have a great support level at 1530, 1630, and now in the 17s. i don't think this is a top but a consolidation period. right now there's a couple -- >> i see where you stand. break it down and give us the trade. >> listen, everybody wants to short the market up here...
233
233
Oct 1, 2012
10/12
by
CNBC
tv
eye 233
favorite 0
quote 0
so we need to see a lot of changes in the regulatory environment to allow that to happen. in the meantime, we did see a lot of consolidation continue to happen within regions like latin america, like north america, like europe. and asia is a bit more difficult because you didn't have common market like you do in europe. joint ventures and partnerships, so some benefits can be realbut still doesn't really allow for that. >> it's not the same as doing the full monty. brendan, thanks for that. good to see you. just a quick programming note. tomorrow we will bring you a first on cnbc in an interview with the director general, he will be joining us on cnbc. i'm not sure if he's on "worldwide exchange." anyway, on the agenda in asia tomorrow, australia central bank is holding its policy meeting, widely expected to cut rates, but analysts are pretty divide order whether they'll pull the trigger tomorrow. retail sales figures, also. still to come, the mining boom in mongolia has fueled one of the fastest growth rates. more in our trade links special next. bob... oh, hey alex. just
so we need to see a lot of changes in the regulatory environment to allow that to happen. in the meantime, we did see a lot of consolidation continue to happen within regions like latin america, like north america, like europe. and asia is a bit more difficult because you didn't have common market like you do in europe. joint ventures and partnerships, so some benefits can be realbut still doesn't really allow for that. >> it's not the same as doing the full monty. brendan, thanks for...
327
327
Oct 4, 2012
10/12
by
CNBC
tv
eye 327
favorite 0
quote 0
the question is, how are they putting their money to work in today's environment? and how are clients allocating capital today? joining me now in a cnbc exclusive are two people at the forefront of those decisions. quinton price and robert kapito, the president of black rock. gentlemen, good to have you on the program. thank you so much for joining us. let me start with quinton, since i don't think you've been with us before. nice to have you on the program. you are the global head of the alpha strategies group. really, a global opportunity for allocating capital. to what do you attribute the rally today? was it the ecb, do you think? was it the election last night? what's going on? the debate, rather. >> europe has been driving the market for months. ever since draghi made his comments, going back two months, we've seen confidence flowing back into equities. we've removed the downside risk for markets. i think that's continued. i think people have got confidence back from last week and we're seeing a number of, you know, good reports of pick up in china and stuff
the question is, how are they putting their money to work in today's environment? and how are clients allocating capital today? joining me now in a cnbc exclusive are two people at the forefront of those decisions. quinton price and robert kapito, the president of black rock. gentlemen, good to have you on the program. thank you so much for joining us. let me start with quinton, since i don't think you've been with us before. nice to have you on the program. you are the global head of the alpha...
273
273
Oct 2, 2012
10/12
by
CNBC
tv
eye 273
favorite 0
quote 0
>> i think it will struggle to weaken in an environment where we have u.s. federal reserve embarking on what's likely to be an open-endeded quantitative easing program. i think in an environment like that, we're likely to see carry trades continue to be popular, the u.s. dollar to weaken. and partly that's because they have removed a lot of tail risks around a sharp slowdown in global growth, although we're not seeing that just yet. >> i suppose if it doesn't weaken a huge amount, it does help the rba out in terms of its inflation target, right? >> yes, it does. that is one thing that a higher currency will do will keep your import prices low. however, i think the rba have been somewhat frustrated that the exchange rate, australian dollar hasn't acted in its normal way as a buffer against lower global prices for australia's commodities. >> we've had the resources minister saying the mining boom is over. he said these comments a couple times now. if there is a structural shift going on in china as jim was saying earlier and we are now, you know, moving away t
>> i think it will struggle to weaken in an environment where we have u.s. federal reserve embarking on what's likely to be an open-endeded quantitative easing program. i think in an environment like that, we're likely to see carry trades continue to be popular, the u.s. dollar to weaken. and partly that's because they have removed a lot of tail risks around a sharp slowdown in global growth, although we're not seeing that just yet. >> i suppose if it doesn't weaken a huge amount,...
261
261
Oct 3, 2012
10/12
by
CNBC
tv
eye 261
favorite 0
quote 0
this is going to be a challenging environment. mandy, great point. china's deceleration is very important. it's very real. you're seeing that in commodity complex. i think that revenue line is going to be very, very important. that's probably going to come in soft. >> all right. we'll leave it there. thanks, everybody. appreciate your time tonight. we'll keep watching this market and the fundamentals around it. we look now where the big money is eyeing and whether or not foreign money is coming into the u.s. we have henry m henry mcveigh w. tell me what you're hearing. >> the clients with the long-term focus are the ones we traditionally work with. we see opportunities. we have a very big presence in asia. i was just over in hong kong and india. we're finding things to do on the consumer side. i would tell you, i do think the chinese economy in particular, the export economy, is structurally broken. i think that's a big change. i've been going to china since 1995. i think there's a fundamental shift in what's going on. we saw that in the caterpillar
this is going to be a challenging environment. mandy, great point. china's deceleration is very important. it's very real. you're seeing that in commodity complex. i think that revenue line is going to be very, very important. that's probably going to come in soft. >> all right. we'll leave it there. thanks, everybody. appreciate your time tonight. we'll keep watching this market and the fundamentals around it. we look now where the big money is eyeing and whether or not foreign money is...
131
131
Sep 27, 2012
09/12
by
CNBC
tv
eye 131
favorite 0
quote 0
we believe 9 weakness is tied to asia and europe as well as uncertainty over the tax environment for 2013." one piece of data. i don't know what kind of score you get on the vindicated doves here. but you can see the average coming down. the actual numbers before averaging them, 385 down to 359. get something improvement in jobs numbers together with the consumer snichlt jobs component was not too bad. we'll have to watch this closely. but right now we're taulg this vindicated doves and maybe there's another game out there, angry hawks but michelle has a much easier time of making this stretch of a metaphor to an app. all you. >> from vindicated doves, right? hi, simon. >> yes. let's get on with the bad piggies. i can't wait, michelle. not offensive to europeans at all. not offensive at all. you talk about the little piggies in southern europe. you go ahead with it. >> they went wee, wee, wee -- >> the new game is called bad piggies. this is an acronym used on wall street for portugal, ireland, italy, greece, and pain spain. piigs. two is there. let's give you the state of where they
we believe 9 weakness is tied to asia and europe as well as uncertainty over the tax environment for 2013." one piece of data. i don't know what kind of score you get on the vindicated doves here. but you can see the average coming down. the actual numbers before averaging them, 385 down to 359. get something improvement in jobs numbers together with the consumer snichlt jobs component was not too bad. we'll have to watch this closely. but right now we're taulg this vindicated doves and...
221
221
Oct 4, 2012
10/12
by
CNBC
tv
eye 221
favorite 0
quote 0
in a brand appropriate environment. we think it makes the brand stronger. it's good for us and them. >> one of the things that people get -- don't understand is that the ag complex doesn't all trade up at the same time. some of the food grains did. but cotton has really gotten cheap. you had very high cotton last year. >> yes, we did. >> is this going through gross margins that cotton's come down so much? >> we had real gross margin challenges last year, particularly in our north american denim business. it's a big business for us and could t denim is a cotton based fabric. we lost 400 basis points in gross margins last year. >> gigantic. >> it is gigantic. but we didn't cover all of our cotton costs while we were doing that. this year, it's coming back to us. it showed up last quarter a little bit. it's going to show up for the back half of the year with improved growth margins. >> one of the things we're going to start hearing is that instead of currency being a headwind, it might be a tailwind. did you calculate 1.28, 1.29 on the euro when you did your l
in a brand appropriate environment. we think it makes the brand stronger. it's good for us and them. >> one of the things that people get -- don't understand is that the ag complex doesn't all trade up at the same time. some of the food grains did. but cotton has really gotten cheap. you had very high cotton last year. >> yes, we did. >> is this going through gross margins that cotton's come down so much? >> we had real gross margin challenges last year, particularly in...
85
85
Sep 26, 2012
09/12
by
CNBC
tv
eye 85
favorite 0
quote 0
will save 50% on energy consumption, about 50% on water consumption, provide a less toxic indoor air environment, and fwoibuilt to l for centuries instead of a few decades. >> okay. i like your website because it lays it out clearly what you got to do. you got to buy land. >> got to have land. >> then you contact you, pick out a design. then what? is this an all-cash purchase? is it a traditional mortgage? >> we're a custom home builder. you go through the same process as anyone building a new home for themselves. you take out a construction loan. >> it's not a normal purchase money mortgage. >> right. new home construction. >> then it is delivered. how long does it take to construct? >> that's really where our market advantage lies, or one of them. there's nothing else on the face of the planet that is still built outside except for houses. you don't own anything built. outside. >> i own very little. >> so what was the question? >> basically saying how long does it take to build, how is it delivered? what's the advantage from a time perspecti perspective? >> when someone orders the house, we're
will save 50% on energy consumption, about 50% on water consumption, provide a less toxic indoor air environment, and fwoibuilt to l for centuries instead of a few decades. >> okay. i like your website because it lays it out clearly what you got to do. you got to buy land. >> got to have land. >> then you contact you, pick out a design. then what? is this an all-cash purchase? is it a traditional mortgage? >> we're a custom home builder. you go through the same process...
217
217
Oct 3, 2012
10/12
by
CNBC
tv
eye 217
favorite 0
quote 0
world's largest private equity firms, so where is it seeing investment opportunities in this uncertain environment right now? kkr's head of global mac roand asset. accolade overdrive. zagat just gave hertz its top rating in 15 categories, including best overall car rental. so elevate your next car rental experience with the best. it's just another way you'll be traveling at the speed of hertz. if we want to improve our schools... ...what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ...nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. >>> welcome back. just keeps getting worse for hewlett packard. seema mody, how bad now? >> we're continuing to watch the big moves in hewlett packard. that's the big tech lagger today. just looking at chart, bill, the stock just broke $15 a share. it's down now 50% from its 2012 intraday high it hit back in february. the stock down about 13% in today's trade. bac
world's largest private equity firms, so where is it seeing investment opportunities in this uncertain environment right now? kkr's head of global mac roand asset. accolade overdrive. zagat just gave hertz its top rating in 15 categories, including best overall car rental. so elevate your next car rental experience with the best. it's just another way you'll be traveling at the speed of hertz. if we want to improve our schools... ...what should we invest in? maybe new buildings? what about...
210
210
Sep 26, 2012
09/12
by
CNBC
tv
eye 210
favorite 0
quote 0
pressure now and some key business decisions being made as a result of the uncertainty in the macro environment. >> the dow up 10%. the s&p 500 up nearly 500. nasdaq up nearly 20%. the dax up 25. pretty nice gains. at the beginning of the year, you would have taken all of those for the year, right? >> certainly. the reason being, actually stocks and corporates are generally in this economic crisis that we're seeing around the western world are the safe haven. you don't want exposure to governments. you don't want exposure to consumers. the corporates can manage their cost base. they can move where the demand is much more freely than say consumers can and governments can. so at the moment, money's got to go somewhere and it's hard to get too bearish on equities, given the yields and actually how demand is holding up for these organizations. >> that's what you were talking about, where else that money might go. so look, for example, at corporate credit where we've seen such an inflow into high yield. we've seen high yield returning in the range of 17% this year. so if you look into next year when
pressure now and some key business decisions being made as a result of the uncertainty in the macro environment. >> the dow up 10%. the s&p 500 up nearly 500. nasdaq up nearly 20%. the dax up 25. pretty nice gains. at the beginning of the year, you would have taken all of those for the year, right? >> certainly. the reason being, actually stocks and corporates are generally in this economic crisis that we're seeing around the western world are the safe haven. you don't want...
71
71
Sep 27, 2012
09/12
by
CNBC
tv
eye 71
favorite 0
quote 0
it's the only automaker on a flat macro economic environment that can more than triple operating income. cost savings with chrysler and new products. so combined with discounts to the group and mr than tripling operating income -- >> there's the bell. thanks. >> good job though with the 30 seconds. >> matt kirk out in san francisco, your 30 seconds begins now. >> sure. so we like cincinnati bell. it's a regional telecom operator but they also run a rapidly growing data center business. while the market has seen this stock as a legacy telecom, no free cash flow and dividend, in reality they reinvest back into the data center. management recently announced plans for a partial ipo. we think on a sum of the parts basis the stock is worth 7 to $8. there's still some up side left. >> wow, with five seconds left on the clock. good job there. ryan, we'll go to you. >> my idea is jack in the box which is a company most people associate with being an operator of its namesake, fast food chains. i think it's undervalued because there's a misperception of what jack's business is. it is nearing the c
it's the only automaker on a flat macro economic environment that can more than triple operating income. cost savings with chrysler and new products. so combined with discounts to the group and mr than tripling operating income -- >> there's the bell. thanks. >> good job though with the 30 seconds. >> matt kirk out in san francisco, your 30 seconds begins now. >> sure. so we like cincinnati bell. it's a regional telecom operator but they also run a rapidly growing data...
220
220
Sep 26, 2012
09/12
by
CNBC
tv
eye 220
favorite 0
quote 0
do you long for a more stimulating work environment? we don't. we're perfectly happy here. >> very happy. >> we did find one that might not cure for your cubicle fatigue. we'll find out what that is after the break. rick santelli, his cubicle is the size of the cme floor is working on the next hour of "squawk on the street." >> it is a great place to have the cubicle. you can learn a lot about a person by the company they keep and also learn a lot about politics by the investments of their base. we're going to talk about that and how it relates to private equity at the top of the hour and then at the bottom of the hour we're going to talk a little high frequency trading, algorithm trading and whether there is any significant benefits. have you two great packages today. tune in. when you take a closer look... ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop mor
do you long for a more stimulating work environment? we don't. we're perfectly happy here. >> very happy. >> we did find one that might not cure for your cubicle fatigue. we'll find out what that is after the break. rick santelli, his cubicle is the size of the cme floor is working on the next hour of "squawk on the street." >> it is a great place to have the cubicle. you can learn a lot about a person by the company they keep and also learn a lot about politics by...
325
325
Oct 2, 2012
10/12
by
CNBC
tv
eye 325
favorite 0
quote 0
i think the environment is tough, and the confidence is low, and when you have a tough environment and low confidence, i've been somewhat, i don't want to use the word depressed but become somewhat of a pessimist. the one thing sam has been is the giant optimist, the bottom of every market sam is buying stuff. and my problem, and then i had this epiphany and i said you know the problem is, if my assessment of the realities are such, everything is massively too expensive. in other words based on the fiscal cliff and all of the head winds the stock wins should be 9,000, not 14,000. the stock marked is getting bullied by qe7 or 8, whatever number it is so we're creating artificial numbers that i don't think the underline will support. >> if barack obama is reelected, would that put you in a state of you might be dprelsed a little bit longer probably, wouldn't you? >> well i just think it would be a continuation of how i am today. >> what do you think right now, are you, do you think he'll be reelected at this point? >> i'm not a political prognosticator. >> off camera you wouldn't say yes
i think the environment is tough, and the confidence is low, and when you have a tough environment and low confidence, i've been somewhat, i don't want to use the word depressed but become somewhat of a pessimist. the one thing sam has been is the giant optimist, the bottom of every market sam is buying stuff. and my problem, and then i had this epiphany and i said you know the problem is, if my assessment of the realities are such, everything is massively too expensive. in other words based on...
218
218
Oct 3, 2012
10/12
by
CNBC
tv
eye 218
favorite 0
quote 0
fourth, i would have the federal government take advantage of the low interest rate environment and issue $500 million in 30-year bonds to fix the nation's infrastructure. fifth, i would slap tariffs on goods made by countries. that would stop the endless parade of jobs migrating from our country to other countries. they have a ridiculous competitive advantage over us. six, i would insist there be a course in high school called money where kids could learn what money is, how to save, how to invest. people need education about the stock market. perhaps to find their own therapeutics. seventh, i would appoint a steven jobs memorial competitiveness czar to figure out how our businesses could be made more speft and find out what they need. not government handouts but trying to get educated engineers to help these companies. i would reappoint ben bernanke as chairman of the federal reserve. if it weren't for him, he would never have gotten out of the great depression to begin with. without bernanke, we have nationalized the banks and be stuck with unemployment over 10%. here's the bottom line.
fourth, i would have the federal government take advantage of the low interest rate environment and issue $500 million in 30-year bonds to fix the nation's infrastructure. fifth, i would slap tariffs on goods made by countries. that would stop the endless parade of jobs migrating from our country to other countries. they have a ridiculous competitive advantage over us. six, i would insist there be a course in high school called money where kids could learn what money is, how to save, how to...
187
187
Sep 28, 2012
09/12
by
CNBC
tv
eye 187
favorite 0
quote 1
stock picking environment. >> is it a stock pickers market? that rant really been the case. >> playing the indices. >> spanish ten year tells you what will happen, but do you think that's still the opportunity to identify strong be investments? >> if you're looking at cross sectional volatility, you're seeing correlations coming down. so you can asset allocate. so there are differences between names, balance sheets. if you look in europe, there are great companies in europe. selling at a significant discount on the continent. >> you've jeust been in spain ad we're waiting to see how much more money they have to pump into the banks. what's your takeaway from that trip in terms of how it influences your thoughts? >> i was in the south end, remarkably peaceful. the demonstrations that were in madrid, i did not see in the south. but there's a real sea change now in europe and you can feel that in spain, as well. they know they're moving into something good. so i think it will be very, very interesting how that will roll out. >> steve, thanks for t
stock picking environment. >> is it a stock pickers market? that rant really been the case. >> playing the indices. >> spanish ten year tells you what will happen, but do you think that's still the opportunity to identify strong be investments? >> if you're looking at cross sectional volatility, you're seeing correlations coming down. so you can asset allocate. so there are differences between names, balance sheets. if you look in europe, there are great companies in...
218
218
Sep 27, 2012
09/12
by
CNBC
tv
eye 218
favorite 0
quote 0
so there is -- it's a very skittish, very fragile environment. >> yeah. obviously, the q2 gdp numbers are old, a little dusty here, but they do not show any acceleration which is what we're trying to find clues to in the back half of the of the year. >> i think what happened is europe had a much bigger effect on business sentiment than many people thought. it's been dampening exports and capital spending which is what the durables reflect. as we moved through the summer and stabilized on europe, normally we might get some acceleration. the problem frou is you have the fiscal cliff and the election. people now have yet another excuse not to do anything. had europe not bled into the summer as long as it did, maybe you'd have gotten that spark in activity. but right now you just don't have it. >> are you taking a lot of solace in what housing's done, what confidence is doing? >> yeah, the housing numbers i think are great. that's one of the reasons the economy hasn't been strong to this point in the cycle. housing is keeping us from really stuttering on grow
so there is -- it's a very skittish, very fragile environment. >> yeah. obviously, the q2 gdp numbers are old, a little dusty here, but they do not show any acceleration which is what we're trying to find clues to in the back half of the of the year. >> i think what happened is europe had a much bigger effect on business sentiment than many people thought. it's been dampening exports and capital spending which is what the durables reflect. as we moved through the summer and...
108
108
Sep 26, 2012
09/12
by
CNBC
tv
eye 108
favorite 0
quote 0
and in an environment like that, gold as a currency wants to go higher. can it have a correction? of course. should it have a correction? it needs one. did it have one today? yes. it took about $18 to $20 out of it at one time. came back late in the day. i was impressed. have i changed my position on gold? no, still bullish. >>> we've heard a lot about shale gas in the united states. but what about china? wilbur ross is looking to get a piece of the action in china. some are calling it the wild west of investing over there, through his company, ross has a 14.5% stake, looking to participate in the first auction open to foreign investors. mr. ross has recently returned from a trip to asia, actually yesterday. he joins us here on set. always great to see you. >> good to be back. >> you dent look jet llagged at all. >> it's deceptive. >> so much possibility is being talked about. beijing is on board establishing targets of the number of metric feet they want to have produced in the country. at the same time, there are key differences between what is going on here in the marcellus sha
and in an environment like that, gold as a currency wants to go higher. can it have a correction? of course. should it have a correction? it needs one. did it have one today? yes. it took about $18 to $20 out of it at one time. came back late in the day. i was impressed. have i changed my position on gold? no, still bullish. >>> we've heard a lot about shale gas in the united states. but what about china? wilbur ross is looking to get a piece of the action in china. some are calling it...
307
307
Oct 4, 2012
10/12
by
CNBC
tv
eye 307
favorite 0
quote 0
and it's part of, you know, that understanding of the macroeconomic environment. did influence our guidance for 2013. it's very much a factor that, you know, is on my mind. we have a big exposure to europe. some of the markets in europe are our strongest markets. we have very big shares. and so we had to take that into account as we gave guidance for 2013. so we took into account the macroeconomic environment, the market changes that are under way, the challenges we have internally, and the products that we're bringing to market and, said, you know, what do we think is a reasonable achievable goal that will allow us to make the investments that will set this company up for a great 2014 and beyond. >> meg, is hp simply too big still? you mentioned during this interview, 320,000 employees. it's almost amazing to think a company with less than a $30 billion market, of course, you have a huge revenue line as well. you have 2100 different skews of laser printers. is the scale simply large for you to manage and for it to succeed? >> i don't think so. you know, i have no
and it's part of, you know, that understanding of the macroeconomic environment. did influence our guidance for 2013. it's very much a factor that, you know, is on my mind. we have a big exposure to europe. some of the markets in europe are our strongest markets. we have very big shares. and so we had to take that into account as we gave guidance for 2013. so we took into account the macroeconomic environment, the market changes that are under way, the challenges we have internally, and the...
101
101
Sep 28, 2012
09/12
by
CNBC
tv
eye 101
favorite 0
quote 0
. >> so as you look forward, how do you invest in an environment that looks like we're going to have easy money for a long time? you've kind of changed the typical asset allocation most people go to. >> oh, yeah, it's a crazy world. at oppenheimer we're talking about the new 60/40. people's portfolios are perfectly positioned for the past. they're positioned for 2008. we're still seeing 30 billion a quarter flowing into core bond funds, which are yielding negative in real terms, below inflation. that's madness from our point of view. investors have to understand that the notion of what is safe and what is risky has to be adjusted a little bit. safe doesn't mean securities that have a lot of interest rate risk and no yield. that is not what safety means to us today. again, given the plentiful liquidity and what we think is a moderate global recovery, we think it's safe to move out into more credit-oriented investments, more higher income investments. >> high yield corporate? >> high yield continues to look good in our view. it's come that lot but far from how tight it can get. there's
. >> so as you look forward, how do you invest in an environment that looks like we're going to have easy money for a long time? you've kind of changed the typical asset allocation most people go to. >> oh, yeah, it's a crazy world. at oppenheimer we're talking about the new 60/40. people's portfolios are perfectly positioned for the past. they're positioned for 2008. we're still seeing 30 billion a quarter flowing into core bond funds, which are yielding negative in real terms,...
276
276
Sep 26, 2012
09/12
by
CNBC
tv
eye 276
favorite 0
quote 0
the best way to do that in this environment is to lower marginal tax rates for the middle class. don't go back on your pledge, mr. romney. i'm larry kudlow. we'll be back tomorrow. i'm bara ck o bama and i approve i'm bara this message. ck o romney: "it's time to stand up to the cheaters" vo: tough on china? not mitt romney. when a flood of chinese tires threatened a thousand american jobs... it was president obama who stood up to china and protected american workers. mitt romney attacked obama's decision... said standing up to china was "bad for the nation and our workers." how can mitt romney take on the cheaters... when he's taking their side? the silverado's powertrain warranty is 40,000 miles more than ford. and this workhorse gives you the power of a v8 with the highway fuel economy of a v6. incredible! right? an amazing test drive. i agree. [ male announcer ] it's chevy truck month. now during chevy truck month, get 0% apr financing for 60 months or trade up to get the 2012 chevy silverado all-star edition with a total value of $8,000. hurry in before they're all gone! hum
the best way to do that in this environment is to lower marginal tax rates for the middle class. don't go back on your pledge, mr. romney. i'm larry kudlow. we'll be back tomorrow. i'm bara ck o bama and i approve i'm bara this message. ck o romney: "it's time to stand up to the cheaters" vo: tough on china? not mitt romney. when a flood of chinese tires threatened a thousand american jobs... it was president obama who stood up to china and protected american workers. mitt romney...
302
302
Oct 1, 2012
10/12
by
CNBC
tv
eye 302
favorite 0
quote 0
back to you. >>> meantime, on the search for yield in this low-rate environment, jpmorgan's naming one sector that just might give you the fix you're looking for. let's -- let's start over from the beginning. we were just driving along, comin' back from the lake, and all of a sudden, ka-plam. it blindsided us. what is it? our college savings account. how do you think it happened? not sure. i think something we bought a while ago turned out to be something else, annnnnd, i remember a lot of other stuff in there had the word "aggressive" in it. is everyone okay? well, now, yeah. who knows later. ♪ who knows later. mike rowe here at a ford tell me fiona, who's having a big tire event? your ford dealer. who has 11 major brands to choose from? your ford dealer. who's offering a rebate? your ford dealer. who has the low price tire guarantee... affording peace of mind to anyone who might be in the market for a new set of tires? your ford dealer. i'm beginning to sense a pattern. buy four select tires, get a $60 rebate. use the ford service credit credit card, get $60 more. that's up to $120
back to you. >>> meantime, on the search for yield in this low-rate environment, jpmorgan's naming one sector that just might give you the fix you're looking for. let's -- let's start over from the beginning. we were just driving along, comin' back from the lake, and all of a sudden, ka-plam. it blindsided us. what is it? our college savings account. how do you think it happened? not sure. i think something we bought a while ago turned out to be something else, annnnnd, i remember a...
254
254
Oct 2, 2012
10/12
by
CNBC
tv
eye 254
favorite 0
quote 0
technologies allow natural gas producers to supply affordable, cleaner energy, while protecting our environment. across america, these technologies protect air - by monitoring air quality and reducing emissions... ...protect water - through conservation and self-contained recycling systems... ... and protect land - by reducing our footprint and respecting wildlife. america's natural gas... domestic, abundant, clean energy to power our lives... that's smarter power today. i have a cold... i took dayquil, but i still have a runny nose. [ male announcer ] truth is, dayquil doesn't work on runny noses. what? [ male announcer ] it doesn't have an antihistamine. really? [ male announcer ] really. alka-seltzer plus cold and cough fights your worst cold symptoms, plus has a fast acting antihistamine to relieve your runny nose. [ sighs ] thank you! [ male announcer ] you're welcome. that's the cold truth! [ male announcer ] alka-seltzer plus. ♪ oh what a relief it is! ♪ [ male announcer ] try new alka-seltzer plus severe allergy to treat allergy symptoms, plus sinus congestion, and pain. and those w
technologies allow natural gas producers to supply affordable, cleaner energy, while protecting our environment. across america, these technologies protect air - by monitoring air quality and reducing emissions... ...protect water - through conservation and self-contained recycling systems... ... and protect land - by reducing our footprint and respecting wildlife. america's natural gas... domestic, abundant, clean energy to power our lives... that's smarter power today. i have a cold... i took...
245
245
Oct 4, 2012
10/12
by
CNBC
tv
eye 245
favorite 0
quote 0
and until you have certainty, i think you'll have what feels like a very flat environment. >> i hesitate to call it the new normal other than i do believe is that a new nbc show that i could plug quickly? isn't it a new -- hell of a show. and it allowed -- helped us win the sweeps. >> do you watch "mad men"? >> i haven't yet. is that based on you? you're much better looking and that guy. >> joe, if i was better looking than jon hamm, i'd be in your seat. >> very subjective. and to me, you are. >> that's why we have this mutual admiration society. but it is an unbelievably good show and sort of a reflection of what advertising was like in the 60s and 70s. >> but it also is a reflection of how we -- the shows that i am absolutely addicted to, i watch when i want. boardwalk empire or homeland or -- >> if you watch the newsroom or suits, they are great. those two are superb. >> and that's what worries me because these are nudity and language and all that, and i'm wonder can go a network compete. but maybe this revolution is -- i grot ot to check it out. >> one of the things we talked about l
and until you have certainty, i think you'll have what feels like a very flat environment. >> i hesitate to call it the new normal other than i do believe is that a new nbc show that i could plug quickly? isn't it a new -- hell of a show. and it allowed -- helped us win the sweeps. >> do you watch "mad men"? >> i haven't yet. is that based on you? you're much better looking and that guy. >> joe, if i was better looking than jon hamm, i'd be in your seat....
284
284
Sep 27, 2012
09/12
by
CNBC
tv
eye 284
favorite 0
quote 1
. >> well, i don't think you can do it in this environment. i'd like to see us do whatever we're going to do -- >> the world's gotten a lot more dang ruerous in the last month. >> it is but we're coming out two of wars thate expen expensive, so i think you have to play with the whole deck of cards. in the long run we ought to change our tax system dramatically. i don't think we can do that in the short run. in the long run i'd love to see us go to encouraging savings and investment, some type of consumption tax at the income tax level. >> is anyone going into politics with a full deck of cards? >> well, increasingly no. >> marty, i want to just speak to one issue which is globalization in the whole tax debate during the commercial break, joe and i were talking about revenues, percentage of gdp and given the economic uncertainty and the economic headwinds we've had over the past three or four years but how much, when you think about the little revenue that we're bringing or a lot less revenue we're bringing in, how much of that is a function of
. >> well, i don't think you can do it in this environment. i'd like to see us do whatever we're going to do -- >> the world's gotten a lot more dang ruerous in the last month. >> it is but we're coming out two of wars thate expen expensive, so i think you have to play with the whole deck of cards. in the long run we ought to change our tax system dramatically. i don't think we can do that in the short run. in the long run i'd love to see us go to encouraging savings and...
259
259
Oct 3, 2012
10/12
by
CNBC
tv
eye 259
favorite 0
quote 0
dropped by about a third from precrisis levels, basically small businesses are just not growing in this environment and big businesses are chasing profits abroad. so the government is just not getting the tax take on that front. in the asset classes, you can see some of the levels not that good at the moment. bundes still attracting a lot of attention. we've been waiting on spain to fishlgly l-- officially ask fo that aid. nonetheless, we're not seeing too much pressure on the periphery, 5.75%. let me send it back to you. >> thank you very much. the first presidential debate. john harwood is on the ground in denver. he joins us with the latest nbc news "wall street journal" poll. it looks like things are starting to even out at least a little. is this the bounce that president obama got after the democratic convention coming back down? >> well, i think it's the bounce from the convention and the surge that he got on top of the convention with that 47% video, so there is some good news for romney. not only our national poll, but also in the swing state polls that we do with "the wall street journal"
dropped by about a third from precrisis levels, basically small businesses are just not growing in this environment and big businesses are chasing profits abroad. so the government is just not getting the tax take on that front. in the asset classes, you can see some of the levels not that good at the moment. bundes still attracting a lot of attention. we've been waiting on spain to fishlgly l-- officially ask fo that aid. nonetheless, we're not seeing too much pressure on the periphery, 5.75%....